Worth reading
80Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
67.8
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationThird quarter of the fiscal year ending December 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,974 million+10.2%
Operating profit¥736 million+67.8%
Ordinary income¥852 million+82.2%
Net income¥566 million+150.8%
Operating profit margin9.2% (equivalent to +3.1 percentage points year on year; the source describes this as the operating margin on revenue)
Results for the three months of the current quarterGraphs show company-wide revenue and operating profit, as well as standalone quarterly trends for each segment. Some figures are difficult to read because they are presented in the graphs.
Full-year earnings forecast
Net Sales
¥11,000 million
Operating profit
¥1,650 million
Ordinary income
¥1,630 million
Profit attributable to owners of the parent
¥1,050 million
Value Cafeteria Business net sales
¥8,965 million
HR Management Business net sales
¥2,035 million
Value Cafeteria Business operating profit
¥2,412 million
HR Management Business operating profit
¥500 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales72.5%
Value Cafeteria Business net sales72.7%
HR Management Business net sales71.6%
Operating profit44.6%
Value Cafeteria Business operating profit59.1%
HR Management Business operating profit56.8%
Ordinary income52.3%
Profit attributable to owners of parent for the quarter53.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Staffing and outsourced-service expenses are progressing smoothly against the full-year reduction target of ¥500 million.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Acquisition of new customers and additional service orders from existing customers
- Reduction in staffing and outsourced-service expensesApproximately ¥420 million for the nine-month period
- Extraordinary gain from the transfer of unlisted shares held by the company¥59 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Number of users3.5 million people
- Specific health guidance sessions39,000 cases
- Contracted health insurance societies84 health insurance societies
- Reduction in temporary staffing and outsourcing costs¥500 million
- Outsourced personnel for data entry of health checkup resultsScheduled to be halved in January 2027
New initiatives
- Bringing 新赤坂健康管理協会 into the group
- Expansion of health checkup institution support services (customer referrals)
- Talent development and multiskilling using generative AI
- Renewal and efficiency improvements for core business systems
- App development and cafeteria plan upgrades
Key KPIsA metric the company considers important as a management benchmark.
- Number of users348 10,000 peopleYear on year against the same period last year+530,000 people (+18.0%)
- Contracted organizations604 OrganisationYear on year against the same period last year+50 organizations
- Number of initial consultations for specified health guidance29,700 DealsYear on year against the same period last year+36.2%
- Contracted health insurance societies82 health insurance societiesYear on year against the same period last year+6 health insurance societies
- Number of employees1,061 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average annual price per user: ¥4,000; maximum annual price: ¥40,000. The company described raising ARPU as a growth initiative.Segment results
Value Cafeteria Business
Net Sales
¥6,517 million+10.2%
Operating profit
¥1,426 million+25.0%
HR Management Business
Net Sales
¥1,457 million+10.3%
Operating profit
¥284 million+37.3%
Corporate expenses (administrative departments)
¥-975 million+7.2%
Financial targets
Equity ratio: 35.4% (-2.3 percentage points versus the fourth quarter of the fiscal year ended December 2025). Financial targets: Not disclosedMarket Size / Share
- Share of companies with 300 or more employees16%
- Share of companies with fewer than 300 employees1%
- Share among health insurance societies7.3%
- Market size of medical examinations and comprehensive health checkups¥981.0 billion
- Number of institutions using health checkup institution support servicesApproximately 150 institutions
Number of stores and locations
BPO centers are listed in Yoyogi, Tokyo; Osaka; Nagoya; and Hirosaki, Aomori. The number of openings and closures during the period is Not disclosed.Number of employees
1,061 people
Change during the period+20 people from the previous quarter
Annual Dividend
Annual dividend of ¥2,800 per share. The interim and year-end breakdown is Not disclosed.Payout ratio
The higher of a 50% payout ratio or 10% DOE is the benchmark. Progressive dividend policy.Acquisition of treasury shares
The company’s treasury shares, totaling 100,000 shares, will be used as consideration for the acquisition of 新赤坂健康管理協会.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥7,974 million (YoY +10.2%) |
| Operating profit | ¥736 million (YoY +67.8%) |
| Ordinary income | ¥852 million (YoY +82.2%) |
| Net income | ¥566 million (YoY +150.8%) |
| Operating profit margin | 9.2% (equivalent to +3.1 percentage points year on year; the source describes this as the operating margin on revenue) |
| Results for the three months of the current quarter | Graphs show company-wide revenue and operating profit, as well as standalone quarterly trends for each segment. Some figures are difficult to read because they are presented in the graphs. |
| Full-year earnings forecast | Net Sales ¥11,000 million / Operating profit ¥1,650 million / Ordinary income ¥1,630 million / Profit attributable to owners of the parent ¥1,050 million / Value Cafeteria Business net sales ¥8,965 million / HR Management Business net sales ¥2,035 million / Value Cafeteria Business operating profit ¥2,412 million / HR Management Business operating profit ¥500 million |
| Progress against full-year forecast | Net Sales 72.5% / Value Cafeteria Business net sales 72.7% / HR Management Business net sales 71.6% / Operating profit 44.6% / Value Cafeteria Business operating profit 59.1% / HR Management Business operating profit 56.8% / Ordinary income 52.3% / Profit attributable to owners of parent for the quarter 53.9% |
| Self-assessment against the plan | Staffing and outsourced-service expenses are progressing smoothly against the full-year reduction target of ¥500 million. |
| Segment results | Value Cafeteria Business Net Sales ¥6,517 million (YoY +10.2%) / Operating profit ¥1,426 million (YoY +25.0%) / HR Management Business Net Sales ¥1,457 million (YoY +10.3%) / Operating profit ¥284 million (YoY +37.3%) / Corporate expenses (administrative departments) ¥-975 million (YoY +7.2%) |
| Breakdown of Factors Affecting the Change | Factors Acquisition of new customers and additional service orders from existing customers / Amount Not disclosed, Factors Reduction in staffing and outsourced-service expenses / Amount Approximately ¥420 million for the nine-month period, Factors Extraordinary gain from the transfer of unlisted shares held by the company / Amount ¥59 million |
| Key KPIs | Indicator name Number of users / Value 348 10,000 people / Year on year against the same period last year +530,000 people (+18.0%), Indicator name Contracted organizations / Value 604 Organisation / Year on year against the same period last year +50 organizations, Indicator name Number of initial consultations for specified health guidance / Value 29,700 Deals / Year on year against the same period last year +36.2%, Indicator name Contracted health insurance societies / Value 82 health insurance societies / Year on year against the same period last year +6 health insurance societies, Indicator name Number of employees / Value 1,061 people / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average annual price per user: ¥4,000; maximum annual price: ¥40,000. The company described raising ARPU as a growth initiative. |
| Number of stores and locations | BPO centers are listed in Yoyogi, Tokyo; Osaka; Nagoya; and Hirosaki, Aomori. The number of openings and closures during the period is Not disclosed. |
| Number of employees | 1,061 people |
| Assumptions Underlying the Business Outlook | Item Number of users / Value 3.5 million people, Item Specific health guidance sessions / Value 39,000 cases, Item Contracted health insurance societies / Value 84 health insurance societies, Item Reduction in temporary staffing and outsourcing costs / Value ¥500 million, Item Outsourced personnel for data entry of health checkup results / Value Scheduled to be halved in January 2027 |
| Financial targets | Equity ratio: 35.4% (-2.3 percentage points versus the fourth quarter of the fiscal year ended December 2025). Financial targets: Not disclosed |
| Annual Dividend | Annual dividend of ¥2,800 per share. The interim and year-end breakdown is Not disclosed. |
| Payout ratio | The higher of a 50% payout ratio or 10% DOE is the benchmark. Progressive dividend policy. |
| Acquisition of treasury shares | The company’s treasury shares, totaling 100,000 shares, will be used as consideration for the acquisition of 新赤坂健康管理協会. |
| Market Size / Share | Item Share of companies with 300 or more employees / Value 16%, Item Share of companies with fewer than 300 employees / Value 1%, Item Share among health insurance societies / Value 7.3%, Item Market size of medical examinations and comprehensive health checkups / Value ¥981.0 billion, Item Number of institutions using health checkup institution support services / Value Approximately 150 institutions |
| New initiatives | Bringing 新赤坂健康管理協会 into the group, Expansion of health checkup institution support services (customer referrals), Talent development and multiskilling using generative AI, Renewal and efficiency improvements for core business systems, App development and cafeteria plan upgrades |
Items this document does not state (7)
Gross Profit MarginSelling, general and administrative expensesRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company cited the acquisition of new customers, an increase in additional service orders from existing customers, revenue growth, and lower staffing and outsourced-service expenses.
How to read this page
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